Focus Graphite Inc. (CVE:FMS – Get Free Report) rose 15% during mid-day trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 156,500 shares traded hands during mid-day trading, an increase of 365% from the average daily volume of 33,680 shares. The stock had previously closed at C$0.10.
Focus Graphite Price Performance
The company’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.10. The company has a market cap of C$6.87 million, a price-to-earnings ratio of -5.50 and a beta of 2.71. The company has a debt-to-equity ratio of 6.84, a current ratio of 0.09 and a quick ratio of 0.74.
Focus Graphite Company Profile
Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.
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